The DeFi and crypto spaces are rapidly evolving, making it crucial to stay updated on the latest happenings and trends. Our weekly recap helps keep you informed.
Ripple vs. SEC Case Conclusion
Ripple has agreed to settle its legal battle with the U.S. SEC for $50 million, a sum significantly lower than the initial $125 million fine. The SEC will refund the remaining $75 million and lift the injunction on Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed this resolution on X, marking it as the final step in the lengthy lawsuit that began in December 2020.
Trump Media and Crypto.com New Partnership
Trump Media, owner of Truth Social, has partnered with Crypto.com to launch exchange-traded products (ETPs) under the Truth Fi brand. These ETPs will focus on cryptocurrencies and sectors such as energy, with an emphasis on a 'Made in America' theme. This initiative aligns with Trump Media’s strategy to integrate digital assets with U.S.-centric securities.
Insider Trading Allegations at Binance
Binance has suspended a former BNB Chain employee accused of using insider information to profit from a Token Generation Event (TGE). The company’s Internal Audit team revealed on March 23 that the staff member allegedly made trades using non-public data from their previous role.
The past week has been eventful in the DeFi and crypto world. From the Ripple vs. SEC resolution to Trump Media's new initiatives and Binance's insider trading issues, these events shape future trends and strategies in the industry.
